“If you fail to plan, you plan to fail.”
Many people have great ideas for starting up their own business. However, many of them do not have a practical plan in place that can help them succeed financially.
This is particularly true of online businesses. It is now so easy to start an Internet-based business that even people with no computer skills can create a store and start selling online in minutes. But just because you can start an online so quickly does not mean you should just jump in. The fact is that you’ve got to look before you leap.
It takes time and effort to build a real business. You don’t want to waste any time on false steps – and with Angie’s help, you can avoid wasting time on things that just don’t work.
Statistics published by the Small Business Administration (SBA) in the US shows that 50% of all businesses will fail after the first year and up to 80% will fail after the fourth year.
Fortunately, there are ways you can set yourself up in business in such a way as to give you a much greater chance of starting and growing a solid business. One of the main areas where new business owners fall down is in not doing enough research to make sure that they have a viable business within a viable market. Doing research from the outset will help you determine if your business will be a paying one, and what kinds of products you should consider providing.